February 2012

There are 4 blog entries for February 2012.

Back Bay Condo SalesIt's easy to understand why the Back Bay is one of America's most desirable neighborhoods. Newbury Street, Boylston Street and Commonwealth Avenue are lined with unique shops, trendy restaurants and vintage homes, making the Back Bay an extremely fashionable destination for Boston residents and visitors. In fact, it's not uncommon to spot celebrities strolling up and down these picturesque streets.

 

Criteria 2010 2011 % Change  
Condos Sold 448 432 -3.57%  
Average Days on Market 131 131 0%  
Average Price $1,222,109 $1,127,607 -7.73%  
Total Market Volume $547,504,986 $487,126,114 -11.03%  

 

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2011 Newton Ma Home SalesSituated just 9 miles West of Boston, Newton MA has been one of the safest cities in North America for the last 10 years.  Newton is broken down into 13 villages and features excellent school systems, a 15-20 minute drive to Boston, and close proximity to several major expressways.  Newton Center is nice for shopping or lunch, and for high end shoppers, you can't beat Bloomingdales at the Chestnut Hill Mall.  Below is a comparison of the year end single family sales data from 2010 and 2011.

Criteria 2010 2011 % Change  
Homes Sold 518 519 +.19%  
Average Days on Market 76 87 +14.47%  
Average Price $882,812 $908,328 +2.89%  
Total Market Volume $457,296,429
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Winchester MA Home SalesSituated just 9 miles North of Boston, Winchester MA is an extremely desirable town for young and older families for it's excellent school systems and amenities.  Winchester real estate prices range from $350,000 to almost $3 million.  The charming downtown area is nice for day trip for lunch, or for residents, there are some lovely neighborhood shops.  Volume for real estate in Winchester was down substantially in 2011, yet prices were still up.  Below is a comparison of the year end single family sales data from 2010 and 2011.

Criteria 2010 2011 % Change  
Homes Sold 204 179 -12.25%  
Average Days on Market 88 91 +3.41%  
Average Price $785,368 $825,546 +5.12%  
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Wellesley MA Home SalesWellesley is one of the most affluent areas in Massachusetts, and features many luxurious multi-million dollar homes.  Families love the town for it's excellent school systems, parks, playgrounds, shopping, proximity to Boston, and you have 2 beautiful grocery stores in Whole Foods and Roche Bros.  Like many other neighborhoods close to Boston, real estate in Wellesley has not only held it's value, but it appreciated in 2011.  Below is a comparison of the year end single family sales data from 2010 and 2011.

Criteria 2010 2011 % Change  
Homes Sold 304 283 -6.9%  
Average Days on Market 124 133 +7.26%  
Average Price $1,106,015 $1,249,963 +13%  
Total Market Volume
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